MILANO (AIMnews.it) – TPS, the operating holding company of the TPS Group, announces that the final terms of the capital increase to be offered as an option to those entitled, and the capital increase reserved for subscription to qualified/institutional investors, have been determined. For the share capital increase in option, the company has decided to issue up to a maximum of 1,241,310 new ordinary shares, with no indication of the nominal value expressed, with regular dividend, having the same characteristics as the outstanding shares, to be offered as an option to the entitled persons or to the shareholders at the ratio of 21 new shares for every 100 shares held, at a price of Euro 4.00 each, for a total maximum value of 4,965,240.00 Euros. Each ordinary share held will be assigned 1 option right for a total of 5,911,050 option rights. The option rights for the subscription of the new shares, distinguished by coupon n. 1, will be made available to those entitled through Monte Titoli, and the release date of the related option rights is October 15th, 2018. These may be exercised, under penalty of forfeiture, between October 15th and November 6th, 2018 and will be negotiable on AIM Italy from October 15th to 31st 2018. The capital increase in option is aimed at finding new financial resources to be used to pursue the strategic and growth objectives of the company and its business. For the reserved capital increase, the company has decided to issue up to a maximum of 250,000 new ordinary shares, without indication of the nominal value expressed, with regular dividend, having the same characteristics as the outstanding shares, excluding the option right, at a price of Euro 4.00 each, for a total amount of Euro 1,000,000.00. Subscriptions will be offered exclusively to ‘qualified investors’ in Italy and ‘institutional investors’ abroad (excluding the United States and any other country in which the offer or sale of shares would be prohibited by law or in the absence of exemptions) as part of a private placement, by December 31st, 2018. The new reserved shares must be fully paid in cash at the time of their subscription and will be admitted to trading on AIM Italia, like the shares already in circulation and in compliance with the applicable provisions of law and regulations. The reserved capital increase intends to allow the company to strengthen its assets and facilitate share exchanges, rapidly increasing the free float and expanding the equity base to leading Italian and foreign investors, as well as obtaining risk capital to be used for pursuing the growth and expansion plan of its activities and that of the group to which TPS itself is headed.